HTML Preview Home Budgeting Worksheet page number 1.
A budget is one of the most important tools you can use to manage your money and save
for retirement. Limiting your spending and living within your means can have a huge
impact on your financial security throughout your life, since you generally have more
control over your spending than on your income from work or investments. As seen below,
even small changes can add up in the long run. Cutting spending can be a great way to
contribute extra money to a retirement account, build up an emergency fund, or reduce
your debt.
Budgeting Worksheet
» Weekly Savings » 1 Year » 5 Years » 10 years » 20 years
» $10 » $ 520 » $ 2,600 » $ 5,200 » $10,400
» $20 » $1,040 » $ 5,200 » $10,400 » $20,800
» $50 » $2,600 » $13,000 » $26,000 » $52,000
Use this worksheet to examine how much income comes into your household on a monthly
basis. Be sure to include all sources of income you receive, as well as your spouse or
partner’s income if applicable. You should use your take home pay, not your income before
taxes, for the best results.
Income Source Your Income Your Spouse/Partner’s Income Total
Salary/Wages from Employment
Income from Self-Employment
Rental Property Income
Alimony
Monthly Investment Income
Social Security
Pension Benefit
IRA Income (Distribution)
401(k) Income
Veteran’s Pension
Annuity Income
Inheritance/Trust
Gifts
Other
Total
Your Income